Farwell, TX vs Smithville, TX

Farwell, TX and Smithville, TX have a very similar cost of living, with only a 1% difference in their overall index. Farwell scores 79 while Smithville scores 80 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Farwell is $1,153/month compared to $799/month in Smithville — a 44% difference. Interestingly, home values tell a different story: while Smithville has cheaper rent, Farwell actually has lower median home values ($129,800 vs $255,600).

Median household income in Farwell is $56,932 compared to $56,031 in Smithville (+1.6%). Farwell offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Farwell spend roughly 24.3% of their income on rent, more than the 17.1% in Smithville.

Climate-wise, Smithville is notably warmer with an average of 68.4°F compared to 57.8°F in Farwell. Smithville receives more rainfall at 35.6" per year compared to 17.9" in Farwell.